Background*

Ms. Indra K. Nooyi, M.P.P.M., has been Chairman and Chief Executive Officer of PepsiCo, Inc. since May 2, 2007 and October 1, 2006 respectively. Ms. Nooyi served as the President of PepsiCo, Inc. since May 2001, its Chief Financial Officer and Senior Vice President since February 2000 and also served as its Senior Vice President of Strategic Planning, Corporate Strategy and Development from 1994 to 2000. She was responsible for PepsiCo's worldwide strategic planning ... function, including developing and coordinating business plans for PepsiCo's operating divisions. Ms. Nooyi served as Vice President and Director of Corporate Strategy and Planning at Motorola Solutions, Inc. She spent four years as Senior Vice President of Strategy, Planning and Strategic Marketing at Asea Brown Boveri, Inc. She has been a Director of Pepsico, Inc., since May 2001. She has been a Director of Schlumberger Limited since April 2015. She serves as a Director of U.S. Soccer Federation, Inc. She serves as a Director of the International Rescue Committee and Lincoln Center for the Performing Arts Inc. She serves as a Member of International Advisory Board at PlaNet Finance SA. She serves as a Director of the PepsiCo Foundation, US-China Business Council, Inc., Catalyst Inc. and Loctite Corp. She served as a Director of The Federal Reserve Bank of New York. She served as a Trustee of The Yale Corporation until July 1, 2014. She served as a Member of Advisory Board at The Yale School of Management. She served as Member of Special Advisory Board at Pepsico, Inc. She served as an Independent Director of Motorola Solutions, Inc. from 2002 to May 7, 2007. She served as the Chairman of the Board of U.S.-India Business Council. She serves as a Director of U.S.-India Business Council. She serves as Successor Fellow at Yale Corporation and is on the Advisory Board of Yale University President's Council of International Activities. She served as a Trustee of Asia Society. Ms. Nooyi Graduated from Madras Christian College in India with a degree in Chemistry, Physics and Math and earned a Master's Degree in Finance and Marketing from the Indian Institute of Management in Calcutta and a Master's Degree in Public and Private Management from Yale University's School of Organization and Management.

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